Loan calculation amount

Loan calculation amount - Calculation of loan installment amount

Loan 13000 over 6 Months, Interest Rate 13.80%, Calculate total principal and interest.
Loan Amount Dollar
Loan Terms
Loan Terms Months
Interest Rate %
First Payment Date
 

Equal principal and interest repayment method

Total loan amount  $ 13000
Repayment months  6 Months
Monthly repayment  $ 2254.71
Repayment characteristics  The monthly repayment amount is equal. 
Total interest amount  $ 528.24
Total principal and interest  $ 13528.24


Equal principal repayment method

Total loan amount  $ 13000
Repayment months  6 Months
First month repayment amount  $ 2316.17
Monthly decreasing  $ 24.92
Total interest amount  $ 523.25
Total principal and interest  $ 13523.25
Save interest  $ 4.99



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